How to Navigate a Down Market
Kiplinger's Personal Finance|December 2022
If there were a prize for living through unprecedented events, millennials might win first place. Older millennials entered the job market during the Great Recession and have since experienced a devastating pandemic and a spike in inflation not seen in 40 years.
Rivan Stinson
How to Navigate a Down Market

On top of that, the Federal Reserve's moves to tame inflation have sent the stock market into a tailspin.

The S&P 500 index officially fell into bear-market territory on June 13, when it dropped 21.3% from its earlyJanuary high. (A bear market occurs when a broad market index falls 20% or more from its peak.) After a summer rally, stocks dropped again in September, and as of October 7, the S&P 500 was down 23.2% from its peak.

This series of unfortunate events is leading some younger investors to pull money out of the stock market or shut down their brokerage accounts entirely. According to a recent survey by Ally Financial, nearly 20% of investors closed a brokerage or investment account over the past 12 months, and of those, the largest group-more than 20%-consisted of millennials and Gen Zers.

Seeing my retirement savings shrink since the beginning of the year has made me queasy. But for me, closing my account is a nonstarter.

هذه القصة مأخوذة من طبعة December 2022 من Kiplinger's Personal Finance.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 2022 من Kiplinger's Personal Finance.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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